Q4 glee ebbs as debutants run into soggy receptions

Andrew Griffin

September 04, 2014 06:45 pm

worried traders — Stock traders checks out a graph showing activity of US interest rates over one year in a business bank, in Paris, Monday, Dec. 12, 2011. Enthusiasm for riskier assets such as stocks and the euro faded Monday as investors worried that Europe's new pact aimed at fixing the continent's debt crisis would be insufficient. (AP Photo/Michel Euler) | Michel Euler/AP/Press Association Images

The two overnight block trades that heralded the end of summer in equity capital markets priced at the bottom of the range this week, with at least one failing to find full coverage, amid a lacklustre reception for many of September’s new deals. The weak performance of the first deals into the market could indicate that the hype about the fourth quarter could be overdone, said bankers.

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Andrew Griffin